Piramal Enterprises’ subsidiary company -- Piramal Pharma (PPL) has entered into an agreement to acquire a 100% stake in Hemmo Pharmaceuticals (Hemmo) for an upfront consideration of Rs 775 crore and earn-outs linked to achievement of milestones. Consequent to this Acquisition, Hemmo would become a wholly owned subsidiary of PPL. Hemmo is one of India’s largest manufacturers of synthetic peptides with a legacy of more than thirty eight years in business supplying peptide products and custom peptide synthesis.
Dr. Reddy's Laboratories has entered into a partnership agreement with ABCD Technologies LLP (to be renamed as IndoHealth Services LLP). The transaction is in line with the Company's purpose of accelerating access and affordability of medicines to all, and the strategy of leveraging digital technology and infrastructure towards this.
TVS Motor Company’s two-wheeler exports clocked 100,000 units milestone in March 2021. An increase in motorcycle sales in key markets across the globe has significantly contributed to this achievement. The Company has a presence in over 60 countries in geographies across Africa, South East Asia, Indian Sub-Continent, Central & Latin America and is seeking to enter more markets in Europe and North America as well. The company's key export products include the TVS Apache, TVS HLX series, TVS Stryker series, etc.
Vedanta is planning to set up a coastal copper smelter plant in India for Rs 10,000 crore. The move comes nearly three years after its plant in Tamil Nadu was shut on environmental concerns and at a time when copper prices are on the rise globally.
Mawana Sugars has completed the transfer of its unit Siel Chemical Complex to Bodal Chemicals for a consideration of Rs 137 crore. The company had entered into an agreement on February 9, 2021 for transfer of its chemical unit located in Punjab to Ahmedabad-based Bodal Chemicals. The sale of this unit will ensure long-term financial stability to the company. There would not be any change in the shareholding of company consequent to this sale.
Zuari Agro Chemicals has resumed its production at NPK - B Plant with effective from March 30, 2021. Earlier, the company had temporarily shut down its plant due to delay in the arrival of raw materials.
Central Depository Services (India) (CDSL) has incorporated a wholly owned subsidiary company ‘CDSL IFSC’ on March 30, 2021 having its registered office at GIFT City, Gandhinagar, Gujarat. The company has incorporated a wholly owned subsidiary company to undertake the activities as a depository in GIFT IFSC including that of a Foreign Depository as mandated by the regulators
| Company Name | CMP |
|---|---|
| Sun Pharma. Inds. | 1862.70 |
| Dr. Reddys Labs. | 1356.85 |
| Cipla | 1465.15 |
| Zydus Lifesciences | 1112.20 |
| Lupin | 2420.15 |
| View more.. | |
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